First, the property market regulation policy stipulates the maximum life of mortgage loans.
The property market regulation policy will directly affect the longest life of mortgage loans. Take first-tier cities as an example. Under the influence of the New Deal in the property market, the maximum loan period of individual housing loans (including housing provident fund loans) is 30 years.
The days of the property market are not static, and it is possible to adjust the mortgage interest rate or mortgage term at any time. Taking Beijing as an example, the term of personal provident fund housing mortgage is adjusted to a maximum of 25 years. So there may not be a practice of borrowing for 30 years in the future. So how many years to choose depends on the policy of that year.
Second, the nature of the house.
Some people actually don't know much about different properties before buying a house; Therefore, it is considered that all mortgage years are the same. However, this is not the case. All kinds of houses are in ordinary houses, including factories and commercial buildings. According to the different nature of various houses, the ownership period of houses that developers can get is also limited. Therefore, the sales period is different.
Therefore, if you want to buy a house with a loan, you must first find out what kind of house you are buying. Only in this way can you decide how long you want to keep it.
Third, the older the house, the shorter the loan period.
When buying a second-hand house, the loan period will be affected by the age of the house. The age of the house is calculated from the date of completion and delivery of the house. In general, the older the house, the shorter the loan period will be. Because the second-hand house is calculated according to the evaluation price, the evaluation price is calculated according to the market situation at that time, and the value of the real estate is evaluated by a professional evaluation agency. When an old house applies for a second-hand house loan, the loan amount will generally decrease with the growth of the house age, and the loan period will also decrease.
4. The loan term is limited by the age of the lender.
When applying for a personal housing loan, the age of the borrower is an important auditing factor. According to the regulations, anyone who is over 18 years old (60 years old for men and 55 years old for women) can apply for individual housing loans. Generally speaking, the sum of the loan term and the borrower's age shall not exceed 65 (or 70), and the regulations of different banks in different places are slightly different.
Those students who have just left school for a few years don't have much money, their jobs are not very stable, and the chances of job-hopping are relatively high. So for them, it is obviously stressful to buy a house with a loan.
In terms of provident fund loans, the longest term of provident fund loans does not exceed 5 years after the borrower retires. In terms of commercial loans, banks have different age restrictions on lenders. Generally speaking, the younger the borrower is, the longer the loan period he can apply for.
Five, the lender's repayment ability will affect the loan period.
When buying a house with a loan, the bank will ask the buyer to provide proof of income. Income proof can directly reflect the borrower's repayment ability, and income proof is one of the main reference contents for banks to decide whether to approve loans. Usually, the bank will require the borrower's monthly income on the income certificate to be more than twice the sum of his monthly repayment and other liabilities.
Under normal circumstances, high-income people, banks may suggest that the loan period is relatively short; If the borrower's income is poor, the bank will recommend a longer loan period.
When buyers apply for mortgages, they are mostly concerned about the age of the house, and few people pay attention to the land use period of the house. The land service life is different from the house age, which is calculated from the earliest time when the developer takes the land, while the house age is calculated from the date of completion and acceptance of the house to the date of delivery, so the house age is usually less than the land service life. Note: Land use years ≠ house age, don't be confused when lending!
(The above answers were posted on 2017-11-29. Please refer to the actual situation for the current purchase policy. )
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